Costa Rica: Market for Mattresses of cellular rubber or plastics 2024

Market Size for Mattresses of cellular rubber or plastics in Costa Rica

After three years of growth, the Costa Rican market for mattresses of cellular rubber or plastics decreased by -5.1% to $X in 2022. Over the period under review, consumption continues to indicate a remarkable increase. Over the period under review, the market hit record highs at $X in 2021, and then shrank in the following year.

Exports of Mattresses of cellular rubber or plastics

Exports from Costa Rica

In 2022, after ten years of growth, there was significant decline in overseas shipments of mattresses of cellular rubber or plastics, when their volume decreased by -16.5% to X units. Overall, exports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2020 when exports increased by 58%. The exports peaked at X units in 2021, and then contracted dramatically in the following year.

In value terms, exports of mattresses of cellular rubber or plastics reduced markedly to $X in 2022. In general, exports, however, posted significant growth. The growth pace was the most rapid in 2013 when exports increased by 156%. Over the period under review, the exports of attained the peak figure at $X in 2021, and then fell markedly in the following year.

Exports by Country

Panama (X units) was the main destination for exports of mattresses of cellular rubber or plastics from Costa Rica, accounting for a 56% share of total exports. Moreover, exports of mattresses of cellular rubber or plastics to Panama exceeded the volume sent to the second major destination, Honduras (X units), threefold. The third position in this ranking was held by Poland (X units), with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume to Panama stood at +50.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+32.8% per year) and Poland (0.0% per year).

In value terms, Panama ($X) remains the key foreign market for mattresses of cellular rubber or plastics exports from Costa Rica, comprising 55% of total exports. The second position in the ranking was held by Poland ($X), with a 16% share of total exports. It was followed by Honduras, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Panama amounted to +45.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (0.0% per year) and Honduras (+51.9% per year).

Export Prices by Country

In 2022, the average export price for mattresses of cellular rubber or plastics amounted to $X per unit, leveling off at the previous year. In general, the export price posted a significant expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 146% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Argentina ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+38.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mattresses of cellular rubber or plastics

Imports into Costa Rica

In 2022, imports of mattresses of cellular rubber or plastics into Costa Rica stood at X units, standing approx. at 2021 figures. Over the period under review, imports recorded a strong expansion. The pace of growth was the most pronounced in 2019 when imports increased by 90%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of mattresses of cellular rubber or plastics declined to $X in 2022. In general, imports posted a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of 105%. Over the period under review, imports of attained the peak figure at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Trinidad and Tobago (X units) constituted the largest mattresses of cellular rubber or plastics supplier to Costa Rica, with a 50% share of total imports. Moreover, imports of mattresses of cellular rubber or plastics from Trinidad and Tobago exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was held by Turkey (X units), with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume from Trinidad and Tobago amounted to +23.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.1% per year) and Turkey (+19.5% per year).

In value terms, Trinidad and Tobago ($X) constituted the largest supplier of mattresses of cellular rubber or plastics to Costa Rica, comprising 57% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by Turkey, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Trinidad and Tobago totaled +31.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.6% per year) and Turkey (+17.6% per year).

Import Prices by Country

In 2022, the average import price for mattresses of cellular rubber or plastics amounted to $X per unit, shrinking by -8.1% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 18%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Trinidad and Tobago (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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